NBXG vs QQQM: Correlation
Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Invesco Nasdaq 100 ETF (QQQM) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and QQQM?
On 3 years of weekly data the NBXG/QQQM correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.87 over 3. The 5-year figure is 0.85, and annualized covariance runs at 377.2 %².
QQQM is one of the assets that tracks NBXG most closely: it ranks #2 out of the 31 assets we track against NBXG. On 12-month performance QQQM holds a 12.6-point edge, +13.8% against +26.4%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NBXG vs QQQM: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +13.8% | +26.4% |
| 5-year return | +25.6% | +96.1% |
| Volatility (ann.) | 22.4% | 19.5% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -22.1% | -22.7% |
| Market cap | $1.2B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | NBXG | QQQM |
|---|---|---|
| 2022 | -41.4% | -32.5% |
| 2023 | +34.9% | +55.0% |
| 2024 | +28.5% | +25.7% |
| 2025 | +24.2% | +20.9% |
| 2026 | +13.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and QQQM good diversifiers for each other?
No. With a correlation of 0.87, NBXG and QQQM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NBXG and QQQM?
As of 2026-08-27, the correlation of weekly returns between NBXG and QQQM is 0.87 over 3 years, 0.83 over 1 year and 0.85 over 5 years.
Is QQQM a good diversifier for NBXG?
No. With a correlation of 0.87, NBXG and QQQM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nbxg-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nbxg-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NBXG correlations · QQQM correlations
